28,532 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,532 shares of the pipeline company's stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional boosted its holdings in Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after acquiring an additional 354 shares during the last quarter. Ignite Planners LLC lifted its stake in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Diligent Investors LLC lifted its stake in shares of Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after purchasing an additional 381 shares in the last quarter. Bristlecone Advisors LLC lifted its stake in shares of Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after purchasing an additional 400 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Kinder Morgan by 9.6% during the fourth quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares of the company's stock, valued at $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on KMI. UBS Group boosted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.79.

Kinder Morgan Stock Up 0.3%

Shares of NYSE:KMI traded up $0.09 during trading on Friday, hitting $28.09. The company's stock had a trading volume of 12,398,816 shares, compared to its average volume of 13,990,894. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The stock's 50-day moving average price is $27.15 and its two-hundred day moving average price is $27.30. The company has a market capitalization of $62.41 billion, a PE ratio of 24.01, a PEG ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.17%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is currently 100.86%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.